8BTC:A journey for how a game engine team created blockchain games and NFT in the blockchain industry

Before 2017, when blockchain games made their debut,a team set up a project and tried to build a next generation digital economy platform for games.

But no one would ever imagine, an industry with such a “rapid” turnover on the blockchain, it took as long as three years to ever meet the first breakthrough.

Most members from this team who have been through the whole traditional game industry for many years and fully experienced. Even for games they have participated in are very well known and easy named. Some of you may have played those games before -”Fishing Joy”, “The Legend of Qin”, “Eyes of the Clown” …

Known the inadequacy of traditional game models, these team members wrote in the white paper: “We hope to provide game players an open, fair, impartial game environment with transparent data, transparent rules, no back-stage manipulation of drop rates, or malicious induced consumption. We hope that all assets of game players can be stored in a long-term, safe, and decentralized manner.”

In conjunction with it, the platform will provide a set of easy-to-use and full stack of blockchain game infrastructure, including a visual development kit and an on-chain ecological environment. Developers do not need to pay attention to the implementation of blockchain technology, they can directly use the graphics to endorse development of blockchain games which can be completed quickly and efficiently with a low threshold,also in a fast and efficient way.

1.

In March of 2018, the “COCOS Blockchain Game Technology Conference” was held at BIFTPARK, Beijing Institute of Fashion Technology. The project of Cocos-BCX was released and demonstrated for the first time at the meeting. Two senior technical experts showed live demonstrations of CocosShooting,the game which is based on the Cocos engine, also demonstrated the preparation of game data on the chain, NFT-based game assets trading, and the form of decentralized game trading center.

Visitors on spot were way exceeded expectations. Perhaps it was because of the sexy concept of the game itself. Perhaps it was because of the background of all these members from Cocos, which is the top three of the world’s largest game engines. Perhaps there were also famous guests such as Xiaolai Li. Cocos-BCX,the name was set on fire and caught the trend.

Afterwards, Cocos-BCX obtained a number of strategic partners, and successively reached cooperation with HelloEOS, 5173, Kingsoft Cloud Holdings,IMEOS, Ontology, Nebulas, NEO, Zilliqa, TRON and other well-known projects in the blockchain industry or non-blockchain industry (Some of above projects still retain its former names).

In August, Cocos-BCX officially released the BCX-NHAS-1808 non-homogeneous digital asset standard. Based on this standard, Cocos-BCX then demonstrated the “crossing” of game assets between the two games “Game Development Country” and “CocosShooting” .

In September, Cocos-BCX funded $40 million in financing from Binance Labs, NEO Global Capital, 500 Startups, etc., and the market’s expectations for COCOS continued to rise.

On December 21st,2018, Cocos-BCX entered the internal test phase, and then Cocos-BCX continued to maintain a stable development trajectory. Among the important nodes, the public beta of the Cocos-BCX testnet officially opened on June 6th,2019. In August, 0 COCOS gas fee was first issued to Binance. On December 12th, Cocos-BCX MainNet was officially launched.

2.

Unexpected slope-down happened on the first night of COCOS released on Binance.

On August 21st, 2019 , the market Fear&Greed Index reached 5, hit a historic record low,showed in a state of extreme panic, and the market is expected to go down. COCOS was first launched on Binance Main Station. The opening price was taken from the first transaction price in the call auction before the opening. The transaction price was way higher. But after the call auction ended, the price returned to the project’s raised market value range, and the COCOS price showed a slide down trend.

All of a sudden,a super trendy project turned a rotten rat, received a constant scolding.

Time after time, CMC price of COCOS was sluggish, and because of the refusal to pay for the harming news, even the harming news gradually disappeared.

Although the situation is rather tough, during this period, Cocos-BCX still held manu forms of activities in Beijing, Shanghai, Hangzhou, Guangzhou, Chengdu, Wuhan, Shenzhen and other domestic cities, and overseas cities such as New York, London, Tokyo, Seoul, Minsk and Salon.

“COCOS Never Promotes”COCOS HODLERS being sarcastic and scolded “Dump Rug COCOS”.

3.

However,Cocos-BCX never stopped to promote itself.

While insisting on being a chain game platform, Cocos-BCX has also made a lot of efforts with ecological Builders&Angels in the DeFi boom. At the autumn equinox of 2020, the first DeFi product CROSWAP of the Cocos-BCX ecosystem was launched. In Cocos Financial Share (CFS), which was launched synchronously with CROSWAP, the CFS mined by pledge COCOS increased by every second without any frequent refreshing or stuttering.

Numbers are up to date

On CROSWAP, users injected liquidity-generated LP Token, which was based on COCOS-1808 standard LP NFT, and supported direct splitting and synthesis.

The product experience of this series of products turned very good, but it also had been affected by the shortcomings of DeFi’s early projects-the project is short-termed, and whoever is slow to dig or withdraw late will be unlucky. Even if the Cocos-BCX Foundation tried to save by direct capital injection and repurchase, the effect was not obvious.

Meanwhile, as the exploration of DeFi, in the summer of 2020, Cocos-BCX cooperated with ChinaJoy based on the BCX-NHAS-1808 (COCOS-1808) non-homogeneous digital asset standard proposed and maintained by itself, in the field of NFT, and provided 1.2 million NFT tickets for ChinaJoyPlus which had become an example of the large-scale application of NFT in the physical industry.

However, these efforts didn’t seem to have a direct impact on the price of COCOS.

4.

The CMC price increase occurred at the end of 2020 and early 2021.

Cocos-BCX released its new year plan, announced that the total number of COCOS would be reduced from 100 billion to 100 million, and embraced Ethereum ecology, prioritizing with BSC ecology, and the CMC price of COCOS has once again become alive.

During the Chinese Lunar New Year of 2021, Cocos-BCX had reached cooperation with BSC, DEGO, Math Wallet, etc. In February, a series of activities including Five Fortune NFT collection, NFT blindbox openning, NFT mining, whitelist airdrop, etc. were launched. COCOS CMC price directly reached 1.45 USDT.

Take the activity of Cocos-BCX Chinese Lunar New Year Five Fortunes NFT collection as an example. A total of 9 people collected all five of Five Fortunes NFT and equally divided 8000 COCOS, and every winner received 888.88 COCOS. Calculated based on the drawing date of average daily price equaled 0.52 USDT, which is approximately equal to 462 USDT for outdoor price.If you calculated based on 1.45 USDT at ATH, approximately you would get 1288 USDT, which means you got a free iPhone12Pro.

During the New Year, DEGO and COCOS ranked Top 1 on BSC in terms of transaction volume, and both are now still in top range.

In Binance101Talk, Cocos-BCX technical contributor Reed shared that Cocos-BCX will continue to create excellent NFT applications, and continue to try to NFTize valuable off-chain assets to introduce more high-quality NFT assets standards.

According to insider’s sharing, Cocos-BCX will soon launch NFT-concept games and Layer2-concept games on BSC.

According to Cocos-BCX’s published New Year’s roadmap, this game may be “Crypto Knights” with more NFT functions, a blockchain game that has successfully operated on EOS and Cocos-BCX and achieved certain results.

Checking current COCOS CMC price by now, you can see that as of 15:30 on March 12th,2021, COCOS CMC price has reached a ATH of 1.8780 USDT, and the potential infuence of our old brand NFT projects has finally been released in this market.

So much of this increase made people give COCOS an “insane” title- instead of following the 2017-year project grand press conference→shangsuo→burst,the attention paid to everything was lost, and now it ushered in a wave of growth.

5.

This may be a standard story that first suppresses and then rises. The waves are exhausted and the real gold begins to appear. In past three years, COCOS eventually started to give this cake to its HODLERS.

But this may be just the prologue of a story. The Cocos engine, which is also a part of the Cocos-BCX team, has been in operation for ten years. The ups and downs during the period can be more written, and the hardship during the period is more indescribable.

The Cocos engine now has 1.4 million registered developers worldwide, 300,000 monthly active developers, including more than 203 countries and regions worldwide and more than 1.1 billion player devices. Games developed with Cocos engine’s covering all categories in the market, ratios splittings for 45% of the mobile game market in China and 30% of the global market share.

And the Cocos engine is not yet on the market. Unity, which is also one of world’s top three engines, has a market value of more than 26 billion U.S. dollars. So this left Cocos engine a huge space for imagination.

I guess it’s not a bad news that this project is still working hard. As long as you are willing to believe in the story of time, then the value of COCOS could always be expected.

Next-Gen Digital Game Economy. Game engine, IDE and blockchain for decentralized game development. Website: cocosbcx.io